ANDE FY 2006 Earnings Report — The Andersons, Inc. Revenue & Financial Results | Market Cap Arena

The Andersons, Inc.ANDE

FY 2006 Earnings

Reported March 12, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$1.5B	—	—	—	—
Op. Income	$49M	—	—	—	—
Gross Margin	14.2%	—	—	—	—
Net Margin	2.5%	—	—	—	—
EPS (Diluted)	$1.46	—	—	—	—
Free Cash Flow	-$165M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.3B
GROSS PROFIT	$207M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$158M
Other Expenses	$0
Operating Expenses	$158M
Cost & Expenses	$1.4B
OPERATING INCOME	$49M
Interest Income	$0
Interest Expense	$16M
Other Income/Expenses	$6M
INCOME BEFORE TAX	$54M
Income Tax Expense	$18M
Net Income from Continuing Ops	$36M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$36M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$36M
D&A	$25M
EBIT	$71M
EBITDA	$96M
EPS	$2
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.3B
GROSS PROFIT	$207M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$158M
Other Expenses	$0
Operating Expenses	$158M
Cost & Expenses	$1.4B
OPERATING INCOME	$49M
Interest Income	$0
Interest Expense	$16M
Other Income/Expenses	$6M
INCOME BEFORE TAX	$54M
Income Tax Expense	$18M
Net Income from Continuing Ops	$36M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$36M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$36M
D&A	$25M
EBIT	$71M
EBITDA	$96M
EPS	$2
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$36M
Depreciation & Amortization	$25M
Stock-Based Compensation	$3M
Deferred Income Tax	$7M
Other Non-Cash Items	-$14M
Change in Working Capital	-$117M
OPERATING CASH FLOW	-$63M
Capital Expenditure	-$102M
Acquisitions (Net)	$0
Purchases of Investments	-$34M
Sales/Maturities of Investments	$0
Other Investing Activities	$67M
NET CASH FROM INVESTING	-$69M
Net Debt Issuance	$55M
Common Stock Repurchased	$0
Common Dividends Paid	-$3M
Other Financing Activities	$6M
NET CASH FROM FINANCING	$142M
FREE CASH FLOW	-$165M
Net Change in Cash	$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$23M
Short-Term Investments	$0
Net Receivables	$103M
Inventory	$299M
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$496M
PP&E (Net)	$241M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$59M
Tax Assets	$967.0K
Other Non-Current Assets	$72M
TOTAL NON-CURRENT ASSETS	$313M
TOTAL ASSETS	$809M
Account Payables	$178M
Short-Term Debt	$99M
Deferred Revenue	$33M
Other Current Liabilities	$26M
TOTAL CURRENT LIABILITIES	$340M
Long-Term Debt	$72M
Deferred Revenue NC	$4M
Deferred Tax Liabilities	$16M
Other Non-Current Liabilities	$107M
TOTAL NON-CURRENT LIABILITIES	$199M
TOTAL LIABILITIES	$539M
Common Stock	$96.0K
Additional Paid-In Capital	$160M
Retained Earnings	$136M
Treasury Stock	-$16M
Accum. Other Comp. Income	-$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$270M
Minority Interest	$0
TOTAL EQUITY	$270M
TOTAL LIABILITIES & EQUITY	$809M
Total Debt	$256M
Net Debt	$233M